Mortgage blog

Wholesale banks are still clogged with applications, so rates are still artificially high, hopefully now that the holidays are over ,turn times might get back to normal. My suggestion is to get you application & documents in now & wait for the rate you want.

Here is a great article in today's NYT that explains a piece of the credit crunch that most do not understand.

http://www.nytimes.com:80/2009/01/20/business/economy/20builders.html?emc=eta1